Borough Statistics H ousehold Income 2018

Overview  In 2018, the median household income in Tower Hamlets is £29,937, this was slightly less than London (£30,677) but greater than England (£27,901). The mean household income was £36,808, slightly more than London (£36,421) and greater than England (£32,513).

 50 per cent of households in Tower Hamlets, in 2018, had a household income of less than £30,000 (London 49 per cent and England 55 per 50% cent) and 86 per cent had less than £60,000 (London 88 per cent and of households England 91 per cent) have an income less than £30,000  14 per cent of households had a household income of less than £15,000 and 3 per cent had a household income of greater than £100,000

Median Household Income, London Boroughs, 2018

City of London £44,546 Kensington and Chelsea £42,771 Richmond upon Thames £41,084 Westminster £40,594 Wandsworth £37,601 Hammersmith and Fulham £37,102 Camden £35,917 Kingston upon Thames £35,726 Barnet £34,077 Islington £33,747 Bromley £33,139 Merton £32,846 Harrow £31,799 Sutton £31,580 Ealing £30,721 Lambeth £30,470 Tower Hamlets Source 2017 CACI £29,937 Haringey £29,910 Redbridge £29,715 Hounslow £29,310 Hillingdon £29,305 Southwark £29,063 Havering £29,009 Brent £28,637 Bexley £28,441 Hackney £28,097 Enfield £28,043 Waltham Forest £27,753 Croydon £27,406 Lewisham £26,715 Greenwich £26,694 Newham £23,426 Barking and Dagenham £22,008

Greater London £30,677 Inner London £31,753 Outer London £29,962

Source 2018 CACI

 Amongst the London boroughs Tower Hamlets was 17th with a median household income of £29,937. City of London had the highest median household income of £44,546 and Barking & Dagenham had the lowest at £22,008.

Corporate Research Unit 2018 Household Income 2018

 The median household Median Household £53,166 income ranged from Income 2018 £18,714 in LSOA LSOAs in Tower Range E01004236 Bromley Hamlets of LSOA North ward to £53,166 values in LSOA E01004277 in Canary Wharf ward £18,714  Half of the 144 Lower Super Output Areas (LSOAs) had percentages (ranging from 15 to 34 per cent) of households with less than £15,000 household income, which were greater than the borough average (14 per cent). <£25,000

£25,000-30,000  The percentage of

£30,000-35,000 households with a £35,000-45,000 household income of > £45,000 less than £30,000 ranged from 83 per cent

© Crown copyright and database rights in LSOA E01004236 2018 Ordnance Survey, (within Bromley North London Borough of Tower Hamlets 100019288. ward) and 14 per cent in  The geographic distribution of household income shows LSOA E01004277 greater incomes in the south and west of the borough with (Canary Wharf ward). lower incomes in the east and central areas.

Median Household Income,  Lansbury ward has the highest Tower Hamlets wards 2018 concentrations of households St Katharine's & Wapping £45,654 with a household income of less Limehouse £41,669 than £30,000 Canary Wharf £39,918 Island Gardens £37,905  Just over half (12) of the wards Blackwall & Cubitt Town £34,940 in Tower Hamlets had a median Whitechapel £34,191 household income less than the Spitalfields & Banglatown £33,187 Weavers £31,858 Borough average of £29,937. Bow West £29,893 Bow East £29,796  The lowest median household St Peter's £28,532 income is £22,213 in Lansbury Bethnal Green £27,337 Borough Median ward which is less than half of St Dunstan's £24,973 Household income £29,937 the highest median household Mile End £24,928 Bromley South £24,772 income in St Katharine’s and Stepney Green £24,319 Wapping ward (£45,654). Shadwell £23,728 Poplar £23,544 Bromley North £23,469 Lansbury £22,213

Source: CACI 2018

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Corporate Research Unit 2018

Household Income 2018

Household Income Distribution (percentage), Tower Hamlets Wards 2018 St Katharine's & Wapping 4 20 45 22 9 Limehouse 7 24 42 20 8 Canary Wharf 7 25 42 18 7 Island Gardens 8 27 43 16 6 Whitechapel 10 32 41 13 4 Blackwall & Cubitt Town 10 30 40 14 5 Spitalfields & Banglatown 11 33 40 13 4 Weavers 11 35 40 11 3 Bow West 14 36 38 10 3 Bow East 14 36 37 10 3 St Peter's 15 39 36 8 2 Bethnal Green 16 41 35 7 2 St Dunstan's 19 44 31 5 1 Stepney Green 20 45 30 4 1 Mile End 20 42 30 6 1 Bromley South 20 42 30 6 1 Shadwell 22 45 28 4 1 Poplar 22 45 28 5 1 Bromley North 23 44 28 5 1 Lansbury 25 45 25 4 1

Tower Hamlets 14 36 36 10 3 Outer London 13 37 39 9 2 Inner London 13 34 39 11 3 Greater London 13 36 39 10 3 England 16 39 36 7 1 £15,000 £15-30,000 £30-60,000 £60-100,000 >£100,000

Source 2017 CACI

 St Katharine’s & Wapping ward has the lowest percentage (24 per cent) of households with less than £30,000 household income and the highest percentage (31 per cent) of households with household income greater than £60,000. Lansbury ward has the highest percentage (70 per cent) of households with household income less than £30,000; this is almost 3 times the percentage of St Katharine’s & Wapping ward.  12 of the wards have greater percentage than the Borough average, (14 per cent,) of households with less than £15,000 household income.  . Median Household Income  From 2015 to 2017 the median Tower Hamlets, London, 2015-2018 household income for Tower £31,239 Hamlets has increased by just 2015 £28,505 under £3,000 in total, however, in 2018 the median household £31,277 2016 income fell back by over £1,200 £29,896  Over the past four years the gap £31,901 2017 between London and Tower £31,234 Hamlets median household incomes has decreased by £30,677 2018 £2,000 from £2,734 in 2015 to £29,937 £740 in 2018. London Tower Hamlets

Source CACI 2018

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Corporate Research Unit 2018 Household Income 2018

Household Income Distribution  Over the past 4 years the distribution of (percentage) Tower Hamlets 2015-2018 household incomes within Tower Hamlets has remained relatively stable. 2015 18 36 33 10 3  The percentage of households with a household income of between £60,000 2016 17 32 33 13 5 and £100,000 has increased by 3 percentage points to 2017 but then 2017 14 34 35 13 4 decreased again back to 10 per cent in 2018.

2018 14 36 36 10 3  Between 2015 and 2018 the percentage of households with a household income <£15,000 £15-30,000 £30-60,000 £60-100,000 >£100,000 of £30-60,000 increased by 3 per cent

Source 2017 CACI and those with less than £15,000 decreased by 4 per cent

Source: CACI Data: 2017 Equivilised Paycheck data Pay check data provides gross household income estimates at postcode level for the UK. CACI uses data from Ocean, CACI’s lifestyle database, combined with data from the ONS’s Average Weekly Earnings and Living Costs & Food Survey, to build their income model. It is important to note that Pay check data is modelled annual household income data, presented as modelled gross household income (‘unequivalised’), and household income adjusted for household size (‘equivalised’). This means that the data is not based on real administrative datasets.

The 2018 household income data has been based on a household population for the borough of 134,266, calculated by CACI. All figures in this briefing are based on the 2018 ‘equivilised’ data set

Definitions: Equivilisation Equivalising data reflects the notion that a household of five, for example, will need a higher income than a single person living alone to enjoy a comparable standard of living. The equivilisation process takes a couple living with no children as a reference point and adjusts the incomes of larger households downwards relative to this benchmark (i.e. assumes that a higher income would be needed for a larger household to have the same standard of living). The incomes of smaller households are adjusted upwards relative to the reference household type, recognising that the same income would allow smaller households a better standard of living.

Find out more

For more in-depth analysis about Tower Hamlets, please visit the Borough Statistics page on the council’s website or get in touch with the team at [email protected].

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Corporate Research Unit 2018